Nokia Siemens Networks Multimode Radio Wins European Bank Support

Nokia Siemens Networks says that it has secured a EUR 250 million loan facility from the European Investment Bank for the development of its multimode Radio Access network technology.

The EUR 250 million facility will provide financial support for R&D in
Europe which will build on Nokia Siemens Networks' multiradio technology
platform. Nokia Siemens Networks' Flexi Multiradio Base Station allows
communications service providers (CSPs) to use a single base station platform to
support several technologies, including GSM, WCDMA/HSPA/HSPA+ and Long Term
Evolution (LTE} - all running concurrently in a single unit.

"Nokia Siemens Networks has some of Europe's most talented and innovative
developers working on radio access network products that are setting standards
across the industry and we are delighted that the value of that work has been
recognized by the EIB with this facility," said Luca Maestri, Chief Financial
Officer of Nokia Siemens Networks.

Multimode Radio Access Equipment is a key requirement for developments in the
field of mobile telecommunications, the so-called frequency re-farming.
Frequency re-farming relates to the use of new technologies in GSM frequencies,
as UMTS today and LTE in the future. Regulatory steps are being undertaken to
allow this in the near future.

Nokia Siemens Networks' European Radio R&D is carried out in Finland,
Germany, Poland and Italy.

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